Pharoah Company sponsors a defined benefit pension plan. The following information related to the pension plan is available for 2020 and 2021. 2020 $845,790 847,000 169,400 Cr. 302,500 72,600 29,040 2021 $1,027,290 968,000 ? 290,400 108,900 Plan assets (fair value), December 31 Projected benefit obligation, January 1 Pension asset/liability, January 1 Prior service cost, January 1 Service cost Actual and expected return on plan assets Amortization of prior service cost Contributions (funding) Accumulated benefit obligation, December 31 Interest/settlement rate 12,100 139,150 36,300 14,520 145,200 665,500 605,000 10 % 10 % (a) Your answer is correct. Compute pension expense for 2020 and 2021. Pension expense for 2020 140360 Pension expense for 2021 183920 Click if you would like to Show Work for this question: Open Show Work (b) Your answer is partially correct. Try again. Prepare the journal entries to record the pension expense and the company's funding of the pension plan for both years. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31, 2020 Pension Expense 1403601 Pension Asset/Liability 55660 Other Comprehensive 12100 Other Comprehensive I 44770 Cash 139150 Dec. 31, 2021 TPension Expense 183920 Pension Asset/Liability 24200 Other Comprehensive 14520 Cash 145200